Dinari began allowing eligible U.S. investors to trade 724 tokenized U.S. stocks and ETFs on Tuesday, with purchases settled directly in USDC from self-custody wallets. The expansion makes the full S&P 500 available on-chain to a domestic audience.
The company said it is the first platform to offer this range of tokenized stocks to both eligible U.S. investors and businesses. Settlement runs through USDC via a partnership with Circle.
Broker-dealers can license Dinari's API-based infrastructure to offer these tokenized products to their own customer bases, extending on-chain equity access beyond Dinari's direct application.
The tokenized securities, branded dShares, are live on the Avalanche C-Chain through the Dinari Trading App. Dinari's infrastructure currently supports Ethereum, Avalanche, Arbitrum and Base, with plans to expand to Sei and Solana.
dShares are backed by corresponding underlying securities held in qualified custody. Dinari designed the tokens to carry traditional stock ownership rights, including execution at the national best bid and offer, voting rights and corporate actions.
U.S. holders receive dividend proceeds in USDC rather than off-chain cash, keeping income flows native to on-chain capital stacks.
Access is restricted to eligible investors. Dinari's disclosures confirm tokenized securities and dShares are subject to U.S. federal securities laws, requiring adherence to eligibility, onboarding and jurisdictional requirements.
The U.S. launch follows Dinari Securities, LLC's broker-dealer approval by FINRA on June 20, 2025. FINRA's BrokerCheck lists the entity as an active broker-dealer with SEC number 8-71215, operating from 260 Madison Avenue in New York.
Dinari projects future capabilities for the dShares platform, including continuous 24/7 trading and T+0 settlement. Collateralized lending, margin trading and automated portfolio management could also be supported, subject to regulatory approvals and product development.
The company already serves investors in more than 85 jurisdictions globally through fintechs, exchanges, neobanks and web3-native platforms. The U.S. expansion connects that distribution network to a domestic equity market valued at over $75 trillion, alongside a stablecoin market exceeding $307 billion.
